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cryptochi1986
Nov 18, 2019 2:51 AM

$VET showing strong Fibonacci Long

VeChain / BitcoinBinance

Description

VET became one of my favorites after I saw it created a strong support at 35- 40 sat area. So I brought in bag full of VET during it lower consolidation area.

My recent analysis using Fibanacci reflects that we might see a strong uptrend in VET if BTC keeps stable.

You can enter between 85 - 90 area. Stop loss at 75 or when BTC goes crazy

I will set exits as below, overall 50% profit from entire plan. Risk/Reward Ratio 1:3
30% of volume at 110 with 22% profit
30% of volume at 130 with 44% profit
30% of volume at 150 with 66% profit
10% of volume at 180 with 100% profit

Trade active

After 2 weeks we have reached 110, giving 30% of profit targets.

So if BTC keeps steady or downwards, we can see the next targets being met as well.

Order cancelled

After the HACK direction has changed.
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